|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2.09 - 2.20|
|52 Week Range||1.56 - 2.78|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.07 (2.98%)|
|1y Target Est||N/A|
Is Gold Set to Remain Higher for Longer as Volatility Soars? US consumer prices posted their largest gain in the last 12 months through January 2018, which strengthened expectations of firming price pressures in the US economy for the year. The Federal Reserve’s preferred gauge of inflation—personal consumption expenditure (or PCE) inflation—rose 0.4% in January 2018. This increase followed a 0.1% rise in December 2017, which is its largest gain since January 2017.
Harmony Gold (HMY) delivers strong performance for the first half of fiscal 2018 (ended Dec 31, 2017) and expects to achieve its production target for the fiscal year.
Could Gold Catch a Bid if Equities Stay Weak in 2018? While the Federal Reserve kept interest rates unchanged in its policy meeting in January 2018, it raised its outlook for inflation and flagged “further gradual” rate increases. The Fed cited solid gains in employment, capital investment, and household spending while maintaining its outlook for a strong labor market and moderate growth in the US economy.
On January 12, 2018, gold prices hit a four-month high of $1,338.20 per ounce, and it ended the day at $1,333.40. The implied volatility in gold was 8.9%. Most of these gains were due to the steady decline in the price of the dollar. The US dollar (UUP), tracked by the DXY Currency Index (or DXY) was down 1.0% on January 12.
Agnico Eagle Mines has risen 1.5 %year-to-date. Barrick Gold, Eldorado Gold, and Harmony Gold reported year-to-date losses of 11.7%, 60.9%, and 21.3%, respectively.
Gold futures for January expiration fell 0.43% on Tuesday, December 13, and closed the day at $1,239.8 per ounce.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Harmony Gold Mining Co. Ltd. Here are 5 ETFs with the largest exposure to HMY-US. Comparing the performance and risk of Harmony Gold Mining Co. Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns ... Read more (Read more...)